Lake Pointe Condos - 253 Lake Driveway W - 2c_d - Ajax, ON, L1S 5B5
2.5 Beds
2 Baths
891 sqft
2.5 Beds
2 Baths
891 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $191,380 |
Mortgage Amount | $765,520 |
Mortgage Payment % | $3,971 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $2,592 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $987 |
Net Operating Income | $1,605 |
Debt Service | |
Mortgage Payment | $3,971 |
Net Cash Flow | -$2,366 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $143,532 | - | $47,845 | - | - | - | - | - | - | - |
Closing Costs | - | - | $32,116 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $6,879 | $12,241 | $12,829 | $13,446 | $14,092 | $14,769 | $15,479 | $16,223 |
Total | $143,532 | $0 | $86,840 | $12,241 | $12,829 | $13,446 | $14,092 | $14,769 | $15,479 | $16,223 |
Cash Invested | $143,532 | $143,532 | $230,372 | $242,614 | $255,443 | $268,890 | $282,982 | $297,752 | $313,232 | $329,456 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $18,149 | $31,894 | $33,265 | $34,696 | $36,187 | $37,744 | $39,367 | $41,059 |
Operating Expenses | - | - | -$6,912 | -$12,026 | -$12,334 | -$12,652 | -$12,979 | -$13,316 | -$13,663 | -$14,020 |
Mortgage Payment | - | - | -$27,803 | -$47,663 | -$47,663 | -$47,663 | -$47,663 | -$47,663 | -$47,663 | -$47,663 |
Net Cash Flow | - | - | -$16,566 | -$27,795 | -$26,732 | -$25,620 | -$24,455 | -$23,235 | -$21,959 | -$20,624 |
Returns | ||||||||||
Property Price Appreciation | $47,845 | $50,237 | $52,749 | $55,386 | $58,155 | $61,063 | $64,116 | $67,322 | $70,688 | $74,223 |
Mortgage Paydown | - | - | $6,879 | $12,241 | $12,829 | $13,446 | $14,092 | $14,769 | $15,479 | $16,223 |
Net Cash Flow | - | - | -$16,566 | -$27,795 | -$26,732 | -$25,620 | -$24,455 | -$23,235 | -$21,959 | -$20,624 |
Total Return | $47,845 | $50,237 | $43,062 | $39,832 | $44,252 | $48,890 | $53,754 | $58,856 | $64,208 | $69,822 |
Cumulative Return | $47,845 | $98,082 | $141,145 | $180,977 | $225,230 | $274,120 | $327,874 | $386,731 | $450,940 | $520,763 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 61.3% | 74.6% | 88.2% | 101.9% | 115.9% | 129.9% | 144.0% | 158.1% |
Cash On Cash | - | - | -7.2% | -11.5% | -10.5% | -9.5% | -8.6% | -7.8% | -7.0% | -6.3% |
5.22%
Price change (1 year)
65.31%
Price change (5 years)